Capri Holdings Limited $CPRI Shares Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its stake in Capri Holdings Limited (NYSE:CPRI) by 23.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,177,562 shares of the company’s stock after buying an additional 226,159 shares during the quarter. Penn Capital Management Company LLC’s holdings in Capri were worth $16,653,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in shares of Capri during the third quarter worth about $506,000. Hohimer Wealth Management LLC bought a new stake in Capri in the 3rd quarter valued at about $1,140,000. Parallel Advisors LLC lifted its position in Capri by 308.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock valued at $52,000 after purchasing an additional 2,780 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Capri during the 3rd quarter valued at about $287,000. Finally, Commonwealth Equity Services LLC boosted its stake in Capri by 4.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,863 shares of the company’s stock valued at $168,000 after purchasing an additional 512 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

Shares of NYSE CPRI opened at $21.38 on Tuesday. The stock has a market cap of $2.21 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.44 and a beta of 1.27. The firm’s 50-day simple moving average is $15.49 and its 200 day simple moving average is $17.77. Capri Holdings Limited has a fifty-two week low of $12.40 and a fifty-two week high of $28.26. The company has a quick ratio of 0.50, a current ratio of 1.18 and a debt-to-equity ratio of 6.31.

Capri (NYSE:CPRI) last announced its earnings results on Saturday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $809.00 million during the quarter, compared to analyst estimates of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. Capri’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. Equities analysts expect that Capri Holdings Limited will post 2.18 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on CPRI. Raymond James Financial upgraded shares of Capri from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Friday, October 16th. TD Cowen initiated coverage on Capri in a research report on Friday, October 30th. They set a “hold” rating for the company. The Goldman Sachs Group increased their price objective on Capri from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Telsey Advisory Group decreased their price objective on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Capri in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.53.

Capri Company Profile

Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners.

The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.

Capri was previously known as Michael Kors Holdings Limited and adopted its current name in 2018, when it expanded its portfolio to include Versace.